Replies to post #54296 on Niocorp Developments Ltd (NB)

[Landmark8211111]

NEgoodlife, is the answer to your question inside this—or is it necessary to drill deeper?:

"proceeds to NioCorp under the CSFA were US$10.77M, with a total of US$13.1M in common share conversions made to date under the terms of the CSFA."


NioCorp Announces That All Principal Under Convertible Debt Financing Agreement With The Lind Partners Has Been Retired

CENTENNIAL, Colo. (October 22, 2019) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) is pleased to announce the remaining principal due under the Convertible Security Financing Agreements (“CSFA”) with The Lind Partners (“Lind”) was retired through a common share conversion of $200,000 on October 17, 2019. No new proceeds were raised in connection with the conversion. Remaining interest will accrue monthly, as required under the CSFA, through the duration of the agreement, which terminates on July 9, 2020.

Net proceeds to NioCorp under the CSFA were US$10.77M, with a total of US$13.1M in common share conversions made to date under the terms of the CSFA.

“We are pleased to have made the final principal payment under the funding agreements, and we thank The Lind Partners for their support of NioCorp and the Elk Creek Superalloy Materials Project over these past three-plus years,” said Mark A. Smith, NioCorp’s CEO and Executive Chairman. “Lind’s financial support was crucial to helping us advance the Elk Creek Project through the Feasibility Study phase and get to the point where we are today, which is working to secure project financing necessary to move this Project to construction and eventual commercial operation.”

“The Lind Partners sees the Elk Creek Project as a very compelling project that deserves to be brought into commercial operation, and we were pleased to make a substantial investment in the project in order to help it continue to advance,” said Jeff Easton, Founder and Managing Director of The Lind Partners.